Member Info for Stupmy

Is there anything in tomorrow's budget that could affect the SP here? Any anouncements likely relating to North Sea oil/winfall taxes etc?

Since the market knows the upside potential of this years oil price increases. I'd have to imagine that this update won't surprise to the upside. So I guess the best we could get is good production levels. I suspect that everyone is right. i.e. someone (jeffery?) suggested that we might get a pull back on the news release, KO (and I) and many others think longer term this will pay well. It's all about time. Short term we could get a pull back (price is rising on diminishing volume over the last 3 weeks. Suggests that positive expectation is pushing the SP up into results. POO remains high and is currently rising (I have 112.24, IT finance data). My guess is results will be fine, price will fall back. Then price will resume it's march northwards.

Jan that might work on ENQ as the price movements have not been big or fast most of the time, but very often out of hours news moves so fast that a stop triggers the process, but the execution happens at the worst possible point or at least well below the stop. Guaranteed stops would cover it but cost. Another approach would be to sell part, to lock in profit and keep part for any rise should it happen?
28.4 for today looking optimistic. Apart from the first 2 hours the volume has dropped right back today. Still think we'll see 28.4 by close on Wednesday.

I daren't get too excited, but the weekly chart looks very strong. Looks to have the potential to push to a test of the 30p area, but should that be broken it looks not unlikely at all that we might see the 40p area.
Price action often calms over the lunch period 12-2pm, but my guess is that this alvo we'll see 28.4 at least.

Logically, bearing in mind POO over this last month particularly, it's hard to see why this wouldn't move to the upside now. I can't help remembering the feelings I've had previously though, when a share has 'surprised' to the downside on results. ENQ itself sometimes does that. I'll hold onto my sharers, but if we do get a rise into results, I'll maybe close some leveraged positions. Best of both worlds, bank in case of down-side (I can then re-enter), hold the shares (to benefit from upside).
Looking good for today at least.

What do you think KO (repairer). A further run up into results? I find it really difficult to see how Thursday could be anything but good, but the SP isn't racing ahead which is a reminder that no-one can see the future! Good luck all for this week.

Pretty steady increase in SP, but there's been a steady increase in the UK markets also over the last 3 days. Probably not yet company specific, but at least it supports the idea that FOX may have bottomed and there is some demand.

Lenin, just check his posts and filter him. Don't respond to him.

Is this summary accurate or do I need to think about other things?
1) is STCM running at near it's full production potential and selling most of what it produces?
2) STCM sells most of it's cement to the local market
3) there was a 57% drop in STCM exports to about 5.1% of production.
4) average production and price per ton increased over 2021.
5) export market may increase dramatically when the Ukraine war is over and rebuilding begins (STCM doesn't look well placed to take advantage of that expanded market; does anyone know who is?)
6) nothing the trading statement really justifies the drop in SP, but the drop in the value of the Tenge vs the dollar explains pretty well all of that SP drop.
7) Has the exch rate dropped due to the war?
8) Assuming STCM market is basically sound (which it looks to be) is reasonable to expect that it's SP will increase significantly should the dollar exchange rate improve.
I'd really appreciate some thoughts if there are any people researching this area. Happy also for PM's.
Thanks in advance

SaveMore, it's the way I'm thinking too. I'm ever so slightly worried that the SP moving up into the results on the 24th, could be sold into and am trading leveraged positions around this idea. But for the longer term, the money we should be making at these oil prices has to be transformational. I'm holding onto my shares as doing nothing is very likely to pay well.
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But somehow they always manage to dissapoint haha. But it´s getting increasingly harder to fail now ;)

Once they have the money from these high oil prices, no-one can take it away from them. Although never say never and windfall tax is possible. As long as management stay focussed, these high oil prices should be doing us long term good. For that reason I believe that over time, without management losing focus on debt (i.e. don't get distracted), the SP must rise. All sorts of exogenous factors will be involved in how fast, but as I said previously, I'll maintain my shares long term, but trade around my leveraged positions.

I've continued buying back so I hope you're right. O/T for anyone interested, FOX might be on the move to the upside.

We don't normally see the price moving early in the morning. I suspect we've seen the lows and will now see some accumulation and price rises. Fingers crossed!

I took this link from a Kand17 post on advfn. For those you not subscribed to FT. Seems to be an open source. Full letter from Converium to Foxton's

https://www.businesswire.com/news/home/20220316005214/en/Converium-Capital-Sends-Letter-to-Foxtons-Group-Board-of-Directors

Someone seems to be buying this into the close. I'd hoped to wait until minimum 22.5 (which could happen on open tomorrow), but have started to buy leveraged positions (I closed all of mine at over 25; I retained all of my shares) at around 23.4 (FOMO, although goodness knows why as it hasn't moved particularly quickly of late).

Rising rents bode well for Berkeley, says Deutsche Bank

A resurgence in London rents bodes well for housebuilder and property developer Berkeley Group (BKG), says Deutsche Bank.

Analyst Jon Bell retained his ‘buy’ recommendation and target price of £54.29 on the stock, which closed up 3.4% at £39.40 on Monday.

In a trading update, the group provided ‘three takeaways’, including a marginal uplift in expected year-end net cash, now guided to £900m versus the previous forecast of £800m. The stock is also on-track to meet earnings guidance, as well as the subsequent three years of guidance with implied growth of 5% a year.

‘Berkeley makes around half of its sales to investors – the majority of which are based overseas,’ said Bell.

‘With this in mind, the resurgence of rents in London bodes well – the latest HomeLet report showed a 12% rise in Greater London rents in the 12 months to February.’

KO, I still think the SP is vulnerable and 22.5 or lower remains not unlikely. Any dip looks like a good opportunity to me, but the devastation in Ukraine and apparent upscaling of Russias violence is terryfying

I thought the same mrc, that would make life far too easy and we'd all be much wealthier.

They had significantly higher targets at lower oil prices. On the face of it that doesn't make a lot of sense, but they don't just pluck figures out of the air, so they must have a rationale for that. I guess if we publish something viewed as 'new' on the 24th, analysist may revisit their notes.

Just dropped some volume to test your hypothesis January. It's not must noise apparently.